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Articles & Essays

The housing delusion

Decades of policy, not misfortune, have put good housing out reach of millions. Given that access to decent housing is one of the most basic hallmarks of an advanced, civilised country, you might have thought this would be considered a scandal that would dominate political debate. In fact, there is only one aspect of the housing market that has any perceptible effect on elections: price crashes cause the government of the day to haemorrhage votes.

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